ECONOMY

Blockades come at heavy price

The blockades by farmers are costing the Greek economy more than 20 million euros per day, according to the Athens Chamber of Commerce and Industry (EBEA). «The market is not able to withstand further roadblocks that are costing it more than 20 million euros [daily],» said Constantinos Michalos, president of EBEA, the country’s largest chamber of commerce, yesterday. The blockades, which entered their 13th day yesterday, are causing supply problems for the fuel and pharmaceutical sectors. Industry sources said that they expect shortages to appear in the food sector next week, as supplies are currently running low. The transportation problems are believed to be leading to increases in the cost of goods for some industries by up to 15 percent in price hikes that will be passed on to consumers.